Multi-Building Flex
For Sale
$2,400,000
Aurora, IL 60505, Aurora, IL 60505
Commercial Sale, Aurora, IL
Property Size17,000 SF
Lot Size1.91 Acres
Price / SF$141.18
Days on Market199
Property Features
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Aurora / Eola
Standard status
Active
Lot size
1.91 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
23597
Building Details
Year built
1931
Floors in Building
1
Number of units
11
Listing Agency:
Century 21 Circle · Century 21 Real Estate
(630) 369-2000
Listed By:
Karen Kramford · License #477013569
(630) 747-3205
Added: Mar 26
Changed: Oct 8
Last Checked: Oct 10 at 5:06AM
MLS# 12538329
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex property spans three parcels totaling 1.9146 acres and contains three tenant-occupied buildings. The largest measures 15,400 square feet and serves five tenants; the other buildings measure 1,300 and 300 square feet, with one tenant in each. The property is zoned M-1 and includes off-street parking. The buildings date to 1931.
The property is on N. Broadway in Aurora, a short walk from the train station and central business district. Retail centers with sit-down and drive-through dining are nearby. The Fox River offers walking and biking access, and the Outlet Mall and Fox Valley Mall are among the area’s shopping destinations.
The property is on N. Broadway in Aurora, a short walk from the train station and central business district. Retail centers with sit-down and drive-through dining are nearby. The Fox River offers walking and biking access, and the Outlet Mall and Fox Valley Mall are among the area’s shopping destinations.
Key Highlights
- Three parcels totaling 1.9146 acres
- 15,400‑square‑foot building with five tenants
- Additional buildings of 1,300 and 300 square feet, each with one tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$215,807
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,316,140
$4.3M
Cap Rate 7%
$3,082,957
$3.1M
Cap Rate 9%
$2,397,856
$2.4M
Market Conditions
NOI Build-Up for 17,000 SF
Gross rent
$357.0K $21.00/SF
− Vacancy
−$25.0K −$1.47/SF
EGI
$332.0K $19.53/SF
− OpEx
−$116.2K −$6.84/SF
NOI
$215.8K $12.69/SF
Area
Aurora, IL
Vacancy
7.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,316,140
Cap Rate 7%
$3,082,957
Cap Rate 9%
$2,397,856
Alternative Uses
Best Use
Flex RnD
$3.08M
$2.70M – $3.60M
NOI $215,807 @ 7.0% cap · market cap 8.99%
Second Best
Industrial
$2.93M
$2.57M – $3.42M
NOI $205,375 @ 7.0% cap · market cap 8.56%
Theoretical Best
Office A
$4.87M
$4.26M – $5.68M
NOI $340,680 @ 7.0% cap · market cap 14.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60505, IL
57,906
Population
18,681
Households
3.1
Avg Household Size
32
Median Age
13%
College-Educated
64%
High-School Grad
10.1 sq mi
ZIP Area
5,733
Density / Sq Mi
$70,306
Median Household Income
$33,912
Median Earnings
$1,230
Median Rent
$192,500
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Three parcels combine multi-tenant occupancy with M-1 zoning and off-street parking.
Where is this flex space located?
The property is located at Aurora, IL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Three parcels totaling 1.9146 acres; 15,400‑square‑foot building with five tenants; Additional buildings of 1,300 and 300 square feet, each with one tenant
